Christopher & Banks Corp. (CBK) reported a net loss of $2.1 million or $0.06 per share for the second quarter, compared to net income of $0.8 million or $0.02 per share in the prior year quarter.
Second quarter net sales fell to $101.2 million from $128.5 million for the second quarter of fiscal year 2009. Comparable store sales from continuing operations for the second quarter of fiscal 2010 decreased by 22%.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.14 per share on revenue of $103.57 million for the quarter. Analysts' estimates typically exclude special items.
For the third quarter of fiscal 2010, the company expects a decline in comparable store sales in the low-to-mid teens.
In addition, the company said that its board declared a quarterly cash dividend of $0.06 per share, to be payable October 22, to shareholders of record at the close of business on October 8.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.